# Newsom Proposes Billionaires Tax

Page: https://stenobird.com/podcast/irvine-news-today-2-min-news-the-daily-news-now-7571856/newsom-proposes-billionaires-tax
Text version: https://stenobird.com/podcast/irvine-news-today-2-min-news-the-daily-news-now-7571856/newsom-proposes-billionaires-tax.md
Podcast: [Irvine News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/irvine-news-today-2-min-news-the-daily-news-now-7571856)
Published: 2026-06-26T22:44:45+00:00
Episode link: https://api.fastcast.ai/audio/2ec21760-c4ff-4189-838c-4ccb99a44dfe.mp3
Audio file: https://api.fastcast.ai/audio/2ec21760-c4ff-4189-838c-4ccb99a44dfe.mp3
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JSON: https://stenobird.com/v1/public/podcasts/irvine-news-today-2-min-news-the-daily-news-now-7571856/episodes/newsom-proposes-billionaires-tax
Duration seconds: 87

## Resource

California Governor Gavin Newsom is pushing for a bold new economic agenda, calling for a national “billionaires’ tax” and federal ownership stakes in AI companies to combat wealth concentration and protect democracy. While opposing a state-level billionaire tax that could drive wealth out of California, he’s proposing a federal minimum tax on ultra-high-net-worth individuals, stricter lending rules, and inheritance tax reforms to prevent a permanent aristocracy. He also wants to restore pre-Trump corporate tax rates and invest in worker retraining, universal childcare, free college, and healthcare — all while signaling a potential presidential run and reshaping the national conversation on wealth and power. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/47056b8fd554dd92

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## Transcript

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